Business Analyst – Reinsurance

MSIG USA • Warren Township, NJ

7d

About The Position

The Reinsurance Business Analyst serves as a liaison between business teams—including Underwriting, Claims, and Finance—technology teams, and the Reinsurance platform vendor. The role involves understanding business needs, documenting requirements, analyzing current processes and complex reinsurance data, and supporting the design and enhancement of Reinsurance platform capabilities.

The position operates in an agile insurance organization and calls for a proactive, hands-on analyst who can work independently, navigate ambiguity, and drive solutions from discovery through delivery. The analyst supports Reinsurance and Finance leadership and teams, collaborates with stakeholders and vendors, and contributes throughout requirements, testing, release management, post-deployment support, and continuous improvement.

Requirements

• At least 5 years of experience in a Business Analyst role, specifically within the Insurance or Reinsurance sector.
• Hands-on experience in Reinsurance, especially Assumed and Direct Business in a property and casualty insurance environment.
• Knowledge of Treaty and Facultative reinsurance; Proportional and Non-Proportional structures; premium administration including GWP, NWP, taxes, and commissions; claims management; retrocession; and regulatory reporting and compliance, including Schedule F and Bordereau Management.
• Experience translating business needs into requirements, user stories, and process documentation.
• Strong analytical, problem-solving, and testing skills.
• Ability to work independently in a lean, fast-paced structure.
• Proficiency in Agile delivery tools such as Azure DevOps (ADO) and Miro.
• Proficiency in SQL and Excel, including advanced VBA/macros.
• Ability to translate actuarial terminology into language developers can use.
• Strong negotiation and facilitation skills.

Nice To Haves

• Experience with third-party Reinsurance systems.
• Experience with Reinsurance platforms such as PRS, Duck Creek, or Sapiens.
• Professional designations such as Associate in Reinsurance (ARe).
• Experience supporting organizations transitioning from implementation to optimization.
• Deep understanding of functional Business Analysis and functional QA work within a SaaS or legacy hosted application environment.
• Azure DevOps (ADO) expertise.

Responsibilities

• Serve as the primary Business Analyst supporting Reinsurance and Finance leadership and teams for the Reinsurance Platform.
• Partner with Finance stakeholders to understand business needs, process gaps, and opportunities for improvement.
• Translate business requirements into user stories, acceptance criteria, and functional specifications aligned with Agile product priorities.
• Create Epics, Features, and User Stories that meet INVEST criteria.
• Evaluate current reinsurance workflows and identify ways to streamline processes, increase automation and efficiency, and enhance internal controls.
• Facilitate discovery sessions, process mapping, and requirements-gathering workshops.
• Document current-state and future-state processes for core Reinsurance functions.
• Collaborate with the third-party vendor team to ensure requirements are understood and feasible.
• Define test scenarios, coordinate UAT, and validate end-to-end solutions.
• Support post-deployment stabilization, issue resolution, and iterative enhancements.
• Break down business needs into testable requirements and acceptance criteria.
• Support development of test scripts and execution of business-scenario testing.
• Coordinate Reinsurance- and Finance-led QA and UAT, including defect tracking and resolution.
• Participate in Reinsurance release reviews, assess impacts, and recommend feature adoption with the Product Owner and functional team.
• Support vendor management activities related to the reinsurance application, including upgrades, integrations, and issue resolution.
• Strengthen internal process knowledge and documentation to help reduce reliance on external support.
• Maintain documentation of requirements, process flows, functional decisions, and testing outcomes.
• Contribute business analysis expertise during backlog refinement, sprint planning, and other SAFe ceremonies, ensuring alignment, clarity, and readiness for execution.
• Identify opportunities for automation and process optimization and recommend enhancements for backlog prioritization.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed